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I wasn’t really in the real estate game when the bubble popped in 2006-2008. Ok, ok, I did get the bug on the tail end of the hype (which I’ll write about in an upcoming post), but now that we all know what happened then, are these truly signs of improving times or another economic bust?
It is hard to say and one that only elite experts can predict (recommend watching Adam McKay’s The Big Short), but I don’t think we’re facing another housing crash anytime soon. It is just too damn hard and complicated to get a loan these days. Credit Unions, Banks, mortgage brokers, they are all starting to become 4-letter words to me. Regardless of the lending institution, they are just to damn difficult to deal with. And this is coming from someone who is an ideal candidate for a home loan. Rant over, I’ll save it for another post 🙂
It is exciting to see what’s going on in Pensacola and many people are responsible. I’m glad we just get to experience it. Wahoo!!
Article links to the aforementioned developments:
- http://www.pnj.com/story/news/local/pensacola/2016/05/02/high-end-townhouses-coming-old-east-hill/83823592/
- http://pulsegulfcoast.com/2016/04/downtown-pensacola-apartment-project-slated-to-break-ground
Related Posts:
- Wahoo Baseball Game
- History of Real Estate: Strolling Down a Trail
- How the Florida Housing Market is Affected Before & After a Presidential Election Year
#REI #RealEstateInvesting #HelmsREI
